Shazam CEO says No Plans to go Public

Shazam CEO Rich Riley spoke with FOX Business Network (FBN) about the company’s plans to go public. Riley said, “We look forward to going public someday, we certainly hope we can. It’s at least a year away.” He went on to say that, “We are adding almost 3 million customers a week…we’re going faster and faster and faster.”

On when Shazam might go public:

“We look forward to going public someday, we certainly hope we can. It’s at least a year away, but we’re growing the business. We are adding almost 3 million customers a week. You mentioned we just had our 10 billionth Shazam, it only took us two months to do that last billion. The first billion took ten years so we’re going faster and faster and faster.”